Venezuela’s Reliant on Brazilian Food While Luxury Goods Imports Stay Robust — Panjiva


Venezuela’s Reliant on Brazilian Food While Luxury Goods Imports Stay Robust

Brazil 262 Colombia 60 Cons. Staples - Food/Beverages 398 Energy - Conventional 274 Energy - Crude Oil 196 Health Care 108 Sanctions 76 U.S. 3310 Venezuela 52

Venezuela’s political crisis has come to a head after the government refused access to an international aid convoy on Feb. 23. There’s been a steady downward trend in Venezuelan imports culminating in a 36.6% year over year decline in the three months to Nov. 30. That’s included a 61.0% slump in imports of food and 25.0% in healthcare supplies. Relations with Brazil are critical in terms of food imports given it accounted for 45.4% of shipments in the past 12 months. Notably some luxury goods have seen only modest declines including telecoms equipment imports which were down just 4.1% an...

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